EUR/JPY

EUR/JPY printed a more bullish close on the daily chart. It has erased the previous week’s single-day dump losses. At the current time, the pair will attempt to continue moving upward and print a new higher swing high to confirm a bullish continuation. Without any new higher high, the pair is at risk of further weakness toward the 131.50 – 132.00 area.

Today’s critical levels to watch:

Support: 135.00, 134.50, 132.00, 131.50

Resistance: 137.40, 140.50

EUR/GBP

EUR/GBP bounced from the 0.8400 support level and currently trading upward to test the 0.8500 level. A higher swing high and a higher swing low have been printed. If the pair could continue building strong bullish pressure and breakout above 0.8580 – 0.8600 then the bullish trend will continue for the medium-long term.

Today’s critical levels to watch:

Support: 0.8400

Resistance: 0.8500, 0.8580, 0.8600

GBP/JPY

GBP/JPY gains for three days and is set to resume its bullish trend. However, the pair has printed a lower swing low and need to print a higher swing high to cancel the bearish indication. Traders who have long positions will place stop below the 156.58 or previous swing low.

Today Critical level to watch:

Support: 158.15, 156.58

Resistance: 160.00, 165.00, 170.00

GBP/CHF

GBP/CHF made another bullish close after the upward movement above the 1.2300 level. The pair current experience bearish pressure and might trade toward the 1.2300 level again. Traders will use the level for a chance to enter long positions. A close above 1.2500 is needed to confirm bullish continuation.

Today’s critical levels to watch:

Support: 1.2300, 1.2125, 1.2000

Resistance: 1.2416, 1.2500